Otis Worldwide (OTIS) reported $3.44 billion in income for the quarter ended March 2024, representing a year-over-year improve of two.7%. EPS of $0.88 for a similar interval compares to $0.80 a 12 months in the past.
The reported income compares to the Zacks Consensus Estimate of $3.44 billion, representing a shock of -0.18%. The corporate delivered an EPS shock of +1.15%, with the consensus EPS estimate being $0.87.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Avenue expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
Since these metrics play an important function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher venture a inventory’s worth efficiency.
Right here is how Otis Worldwide carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Web Gross sales- Service: $2.16 billion in comparison with the $2.16 billion common estimate primarily based on two analysts. The reported quantity represents a change of +5.8% 12 months over 12 months.
- Web Gross sales- New Tools: $1.28 billion versus $1.28 billion estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a -2.1% change.
- Working Revenue- Common company bills and different: -$50 million versus the two-analyst common estimate of -$31.58 million.
View all Key Company Metrics for Otis Worldwide here>>>
Shares of Otis Worldwide have returned -1.2% over the previous month versus the Zacks S&P 500 composite’s -3% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it might carry out in step with the broader market within the close to time period.
Highest Returns for Any Asset Class
It’s not even shut. Regardless of ups and downs, Bitcoin has been extra worthwhile for traders than another decentralized, borderless type of cash.
No ensures for the longer term, however previously three presidential election years, Bitcoin’s returns have been as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts one other important surge in months to return.
Hurry, Download Special Report – It’s FREE >>
Otis Worldwide Corporation (OTIS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
